Legislative Session • 82nd Regular Session
82nd Regular Session - Timeline of SB 350
Resources
Final Disposition of Bills that Affect the TMRS Act and Texas Public Pension Plans (pdf)
Guide To TMRS for the 82nd Legislature (pdf)
TMRS Fund Restructuring Questions and Answers (pdf)
6/17/11
SB 350 Signed into Law
The Fund Restructuring proposal (SB 350) was signed into law by Governor Perry today. The bill is effective immediately. SB 350 by Senator Tommy Williams (House sponsor Vicki Truitt), contains the proposal for TMRS internal fund restructuring recommended by the TMRS Board of Trustees and the TMRS Advisory Committee on Retirement Matters.
5/23/11
SB 350 Passes House
SB 350 by Williams (House sponsor Truitt), achieved final passage on the House floor today, Monday, May 23. The bill will be sent to the Governor for his approval. The bill would enact the fund restructuring proposal recommended by the TMRS Board of Trustees and the TMRS Advisory Committee on Retirement Matters.
5/21/11
SB 350 Moved to Third Reading
SB 350 by Williams (House sponsor Truitt), passed second reading on the House floor Saturday, May 21. The bill is now awaiting third and final reading.
5/17/11
SB 350 Placed on Calendar
SB 350 by Williams (House sponsor Truitt), containing the TMRS Board of Trustees’ recommendation for fund restructuring, has been placed on the House General Calendar for Friday, May 20
4/14/11
TMRS Restructuring Bill SB 350 Reported from House Committee
On April 5, the TMRS Restructuring Bill (SB 350 by Williams, House Sponsor Truitt) was favorably reported out of the House Pensions, Investments, and Financial Institutions Committee. The bill has already passed the Senate and will go next to the House floor for a vote. To track the bill’s progress, click here.
Several other bills that may affect TMRS are circulating in the Legislature this session. For a description of these bills and to track their progress, please see this link on the Legislative page.
4/5/11
SB 350 Passed out of Committee
SB 350 by Williams passed out of the House Pensions, Investments, and Financial Institutions Committee today and was sent to the House floor with the recommendation that it be placed on the general calendar.
3/29/11
SB 350 Referred to Committee
SB 350 by Williams has been referred to the House Pensions, Investments, and Financial Institutions Committee.
3/17/11
SB 350 Passes Senate
SB 350 by Williams passed the Senate today. The bill will now move to the House. The House companion legislation, HB 997 by Truitt, is pending in the House Pensions, Investments, and Financial Institutions Committee.
3/16/11
TMRS Restructuring Bills Heard in Committee
HB 997 by Truitt and SB 350 by Williams, the legislation that would restructure TMRS’ internal accounts, both received hearings by the Senate and House committees to which they were referred. HB 997 was left pending by the House Pensions, Investments, & Financial Services Committee, while SB 350 was passed unanimously by the Senate State Affairs Committee and is now on the Senate Intent Calendar.
1/28/11
Publications regarding TMRS, HB 997, and SB 350 are available for download.
A Guide To TMRS for the 82nd Legislature (pdf)
TMRS Fund Restructuring Questions and Answers (pdf)
1/12/11
82nd Legislative Session Convened on January 11th
The Texas Legislature convened for its 82nd Regular Legislative Session on January 11, 2011. The Session will run for 140 days, adjourning at the end of May. House members elected Representative Joe Straus, (R-San Antonio) to his second term as Speaker of the Texas House. In the Senate, Senator Steve Ogden (R-Bryan) was elected President Pro-Tempore.
The next step in the process is for committees to be announced, which will likely occur near the end of January or the first part of February. As soon as committees are established, bills will begin being referred and heard. TRMS fund restructuring legislation has been filed in the Senate (SB 350) by Senator Tommy Williams (R-The Woodlands). We anticipate that companion legislation will soon be filed in the House of Representatives.